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Posted in Auto Loans
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WhoIsThisGuy11

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i need a car and with a score of 583 what is to be expected if i were to try and finance one?

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Pretty much what the other respondent said... you'll get screwed-over if you try to finance with a credit score that low (for example, you'd end up paying 10-20% interest, and the car lot will put a remote GPS and remote shutdown on your vehicle to repo it if you miss a payment.) 
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Your best bet is to save up something like $1500 or so, and find an ugly-but-solid old car to drive. As a bonus, you save a ton of money on insurance (because cheap bare minimum liability insurance for a paid-off car is cheaper than the required full-coverage stuff when you finance one.)

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I do this myself - I drive a 15-year-old minivan that isn't the prettiest thing on the road, but it's comfy to drive, gets decent mileage, and it's mechanically sound. I paid $2500 for it 2 years ago, put maybe $300 into it for a pair of new tires, a new fan blower motor, and a new battery since then. It ain't a chick-magnet, but I've saved enough money with it to buy all kinds of fun stuff.

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Very good answer Random

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Likely, with that low score, financing at any reasonable rate will not be possible even if you could get a loan, which is doubtful.  Save for a vehicle, read the articles here and make the needed changes that will help raise your score.

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